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Best week since April for European shares as UK, Swiss indices hit records

European shares powered to their best week since last April on Friday, with the British and Swiss benchmarks hitting records, propelled by optimism about a strengthening regional economy and fresh new highs on Wall Street. The pan-European STOXX 600 index was up 0.8 per cent, holding at a two-month high, while euro zone blue chips […]

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Best week since April for European shares as UK, Swiss indexes hit records

European shares powered to their best week since last April on Friday, with the British and Swiss benchmarks hitting records, propelled by optimism about a strengthening regional economy and fresh new highs on Wall Street. The pan-European STOXX 600 index was up 0.8 per cent, holding at a two-month high, while euro zone blue chips […]

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Dow breaks above 25,000 for first time

The Dow Jones Industrial Average sailed past the 25,000-mark for the first time on Thursday, while other major indexes rose to new highs after a strong private jobs report added to a bullish sentiment from indications of robust growth in major economies. The ADP National Employment Report showed that US private employers added 250,000 jobs […]

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Dollar starts new year in doldrums, Asian currencies hit high note

The dollar languished near a three-month low versus a basket of major currencies on Tuesday as markets reopened at the start of 2018, while Asian currencies such as the Chinese yuan began the year on a high note. The dollar’s index against a basket of six major currencies stood at 92.162. On Friday it had […]

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Dollar heads for worst year since 2003 as ‘Trump Effect’ fades

The dollar slipped to its lowest in more than three months against a basket of major currencies on Friday as the euro and sterling climbed, putting the greenback on track for its worst showing since 2003. The dollar started 2017 on a high, with the index that tracks it against a basket of six major […]

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European stocks struggle while Nike weighs on US market

Stocks in Europe struggled for traction and the euro declined after Catalan separatists won a regional election in Spain. Spanish stocks fell 1.15 per cent, while Spanish bonds also dropped along with peripheral European government debt, before paring their drop. Reports showed US consumer spending rose more than forecast in November and an inflation gauge […]

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European shares slip; Italian stocks fall on political uncertainty

Stocks globally reached a record high on Wednesday ahead of a widely expected interest rate increase by the US Federal Reserve. Political jitters hit Italian stocks on Wednesday however and the broader European market slipped later in the day. Italy’s parliament will be dissolved between Christmas and the new year, with national elections probably set […]

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Dollar dips from 4-week high after Alabama election upset

The dollar slipped from a four-week high against a basket of currencies on Wednesday after a Democrat won a bitter fight for a US Senate seat in deeply conservative Alabama, reducing Republicans’ already narrow Senate majority further. The reduced Senate majority could make it harder for President Donald Trump to push through tax cut plans […]

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M&A activity and oil issues dominate European trading

Mergers and acquisitions were the dominant influence on European share trading on Tuesday, while strength in oil stocks after a pipeline shutdown helped lift a key regional benchmark index to five-week highs. The pan-European Stoxx 600 index climbed 0.7 per cent to its highest level since November 9th. Dublin The Iseq closed flat as the […]

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Bitcoin futures rocket past $18,000; Asian shares buoyant

The craze for cryptocurrencies entered a new chapter on Monday as bitcoin futures rocketed by one-fifth of their value at a hotly anticipated launch, while Asian shares climbed amid optimism about global growth. The most-traded contract on the Chicago-based CBOE Global Markets exchange opened at $15,460 in New York on Sunday evening, before leaping to […]

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